The price of PEPE coin has dropped today to around $0.000009, confirming the continuation of the sharp downward momentum in the market. Here is an updated analysis based on the latest data and forecasts:
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📉 Current Price Situation
CoinCodex's forecasts indicate that the price may continue to decline and reach $0.000009 by June 21, 2025, a decrease of 23.3% over 5 days from an approximate price of $0.000010 at the time of research.
Momentary data from Crypto.com and Kraken confirm the price drop to around $0.00000993 and $0.0000099 respectively, with a trading volume of nearly a billion dollars.
Technical analysis from FXStreet indicates that the price is approaching a critical support line at $0.0000103, and failing to maintain it could lead to further declines towards $0.0000088 or below.
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Reasons Behind the Decline
Selling costs have recently moved due to losing position holders who have started to realize losses, and the supply of the coin on exchanges is increasing, adding selling pressure.
Negative sentiment is rising due to weak technical momentum (RSI indicators around 40 and MACD showing bearish signals).
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Have We Reached the Bottom?
Forecasts suggest the possibility of the price reaching a temporary bottom at $0.000009, with a potential corrective scenario if it stabilizes above support levels.
In case the price fails to hold, the next support level lies at $0.0000088–$0.0000079.
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